16Power to accept gifts

16 Power to accept gifts

16 Power to accept gifts

(1) The Institute has power to acquire by gift, bequest or devise any property for the purpose of carrying out or giving effect to all or any of its objects and to agree to and carry out the conditions of the gift, bequest or devise.

(2) The rule of law against remoteness of vesting does not apply to or in respect of any condition of a gift, bequest or devise to which the Institute has agreed.

(3) The Stamp Duties Act 1920 does not apply to or in respect of any conveyance or gift to, activity or transaction of, or bequest or devise in favour of, the Institute and taking effect after the commencement of the Royal New South Wales Institute for Deaf and Blind Children Act 1905.